Subsidized Cooperative Apartment with Purchase Option

Subsidized cooperative apartment with purchase option in Engelhartstetten-Loimersdorf

At Lavendelweg 2, 2292 Engelhartstetten-Loimersdorf, a residential complex with a total of 49 apartments, divided among three stairwells, was constructed. The first construction phase concerns stairwells 1 & 2. The entire residential complex is being constructed as a low-energy building with controlled residential ventilation and heat recovery. Heating is provided by an air-to-water heat pump, and a photovoltaic system will additionally be installed on the roof. In summer, the apartment can be temperature-controlled via underfloor heating. Each residential unit is assigned outdoor space in the form of a balcony, loggia or terrace. In addition to the terrace, the ground-floor apartments have an assigned garden area. All residential units will receive external shading. In the first construction phase, 53 outdoor parking spaces will be constructed, with one car parking space assigned to each residential unit. 22 car parking spaces, including three disabled parking spaces, can be rented additionally; empty conduits to the assigned parking space for the subsequent installation of charging stations will be provided. All residential units can be reached barrier-free by passenger lift.

Loimersdorf is part of the market municipality of Engelhartstetten in the Gänserndorf district. The market municipality offers a wide range of educational and leisure activities in the town and the surrounding area. Vienna and the surrounding area can be reached easily via public transport connections. A local supplier and a kindergarten are located directly in Loimerdorf.

This residential complex was subsidized by the Province of Lower Austria! Tenants must meet the subsidy criteria and establish their primary residence here.

Rent with purchase right

By paying the financing contribution, you acquire the option to purchase the rented residential unit.

The following residential unit is available:

Unit 2-5

Living area: 70,48 m²

Financing contribution: € 26.021,00

Rent: € 626,00

The car parking space is already included in the monthly rent.

Housing subsidy possible (depending on family income).

According to § 14 WGG, the rent consists of:

• Repayment of capital + interest – subsidized loan
• Annuity (repayment of capital + interest less temporary subsidy) of the progressive mortgage loan used to finance the apartment or use of the own funds of a nonprofit housing association
• Annuity (repayment of capital + interest) of unsubsidized mortgage loans
• Building lease interest in the event that a building lease is granted, interest for making the building plot available
• Maintenance and improvement contribution collected for maintenance and improvement work on the residential complex
• Reserve fund of 2% of the aforementioned remuneration components
• Value-added tax on the rent and on 1% of the financing contribution per year (depreciation)

Operating costs, the maintenance and improvement contribution, management costs and VAT are included in the rental costs. Energy costs, such as electricity, heating and hot water, are billed directly by the operators.

Operating costs (advance payment)

Initially, the nonprofit housing association, in its capacity as property owner (holder of the building lease) and administrator, will estimate the operating cost expenses associated with the property for each calendar year in advance and charge them in monthly installments. The operating cost expenses include in particular:

• Public charges (sewer, waste, water fees, property tax)
• Insurance expenses (fire, liability, mains water and storm damage insurance, each at replacement value)
• General electricity costs (stairwell, basement, outdoor lighting)
• Costs of servicing and maintaining the shared outdoor facilities (e.g. children's playgrounds, green areas, waste collection areas and the like)
• Chimney sweep fee
• Costs of a lift system, where applicable, etc.
• The operating cost advance does not include the costs of building services (stairwell cleaning, winter service, maintenance of green areas). Depending on the commissioning of this work (one or more persons, or a company where applicable), these costs are variable.

For questions and viewings, I will of course be happy to assist you at Tel. No. 0664 / 621 20 58.

Our information is based on the information and documents provided to us by the seller or their representatives and is provided without guarantee.

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We point out that there is a family or economic relationship between the intermediary and the third party to be brokered.

The real estate agent declares that, contrary to the usual business practice of dual agency in the real estate industry, they act exclusively for the landlord.